PR – (RFHL) has surpassed its US$200 million Climate Finance target, marking a significant milestone in the Group’s sustainability journey and reinforcing its leadership in sustainable finance across the Caribbean and beyond.
The climate finance goal was established in 2021 under RFHL’s commitment to responsible banking and alignment with net-zero frameworks. The goal was designed to mobilise lending and investment for climate-focused projects across the Group’s operating markets. To date, RFHL has deployed approximately US$235.5 million in climate-centric financing, exceeding the original target by nearly 18 per cent, or just over US$35.5 million.
Renewable energy remains the primary driver of climate finance activity, accounting for 46.46 per cent of total climate lending and investment. This is followed closely by sustainable transport, which represents 40.28 per cent of total climate finance deployed. Financing under the programme supports individuals and businesses undertaking climate-adaptive and climate-resilient projects across a broad range of sectors. These initiatives include renewable energy, sustainable transport, energy efficiency, sustainable agriculture, and other climate solutions that promote long-term environmental and economic sustainability.
From a geographic perspective, Trinidad and Tobago has been our leading market, accounting for 42.17 per cent of total climate finance activity. Barbados follows with 25.36 per cent, while Guyana and Ghana contribute 12.17 per cent and 10.36 per cent, respectively. These results highlight the strong demand for climate-focused financing across both RFHL’s Caribbean and African markets.
Nigel Baptiste, Group President and CEO of Republic Financial Holdings Limited, said, “Surpassing our US$200 million climate finance target demonstrates the growing appetite for sustainable finance within the region and underscores the critical role financial institutions can play in supporting the transition to more resilient, low-carbon economies. I also want to acknowledge the dedication and collaboration of teams across our branches, units, and subsidiaries, whose collective efforts were instrumental in achieving this milestone. Their commitment continues to drive meaningful impact in climate resilience, sustainable development, and shared prosperity across the markets we serve.”
Building on this momentum, the RFHL Group remains firmly committed to advancing its broader sustainability agenda. The Group will continue to actively support climate-related projects, mobilise finance, and expand access to funding to advance climate adaptation, mitigation, and technical assistance, particularly in low-income and vulnerable communities.
